Adidas shares hit high on strong earnings

May 03, 2013, 2:40 PM EDT
Real Madrid goalkeeper Iker Casillas presents the new Adidas Predator football boot at the Adidas Parque Sur store on April 25, 2013 in Madrid, Spain.
Getty Images/Carlos Alvarez

Adidas said its first-quarter net income rose 6.5% to €308 million ($404 million) and that its gross margins were wider than ever, sending shares in the German-based sporting-goods up 6.2% to their highest since trading began in 1995.